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Today’s Animal Spirits is brought to you by Betterment Advisor Solutions and ClearBridge:
Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. Visit https://www.clearbridge.com/ to learn more.
On today’s show, we discuss:
- OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO
- An All-Time Bull Market
- Apple Turnover
- VOO Becomes First ETF Ever to Cross $900 Billion in Assets
- America’s Pandemic Car Bubble Is Now Trapping Buyers in Debt
- The decline of travel agents
- Big Brands Boost Creator Spending, but Smaller Firms Dominate the Deals
- Inside Hamilton Lane’s Pandora’s Box
- NBCUniversal’s Peacock Posts $432 Million Loss as Subscribers Rise to 46 Million
Listen here:
Charts:
Recommendations:
Tweets/Bluesky:
MILESTONE WATCH: $VOO is now at $913b which is mindboggling considering it had $595b only 12mo ago. That's $1.25b a day in aum growth. Based on this pace it is scheduled to become the first ETF ever to hit $1T in assets on August 1st. Also amazing is that it only passed $SPY… pic.twitter.com/A04wyLlzo1
— Eric Balchunas (@EricBalchunas) April 24, 2026
Kalshi and Polymarket were nearly tied on total volume in March at ~$12B each. Strip out sports and it's a different picture.
Polymarket did $7.5B in non-sports volume. Kalshi did $1.6B.
It's weird that they're even in the same category given very different positioning for… pic.twitter.com/XR0nHgoYE1
— Spencer Bogart (@CremeDeLaCrypto) April 26, 2026
Being in your early 40s is weird, man. People around your age are in every stage of life. You have people who are grandparents. You have people who have newborns. You have people dating 25-year-olds. You have people celebrating their 20th wedding anniversary. Some of them look…
— Ben Eisenhart (@BEisenhart) April 15, 2026
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